Lock Fixed Rate Mortgage Now 2026? Homejourney Analysis & Benefits
Yes, locking in a fixed rate mortgage now in late 2025 for 2026 makes sense for most Singapore homebuyers seeking payment stability, as rates have hit 3-year lows at 1.4-1.8% and further drops may be modest.[1]
Homejourney helps you compare these rates securely from DBS, OCBC, UOB and more, apply via Singpass, and track live SORA trends—all in a trusted platform prioritizing your safety and transparency. This cluster dives into the Should You Lock in a Fixed Rate Mortgage Now 2026 Analysis: Benefits of Applying via Homejourney, linking back to our pillar guide on Singapore home loans for comprehensive coverage.
Current Singapore Mortgage Rates: Fixed at Historic Lows
Fixed-rate home loans in Singapore have fallen sharply from 3.1% at the start of 2025 to 1.4-1.8% as of December 2025, driven by US Fed rate cuts and SORA dropping to 1.2%—its lowest since August 2022.[1]
Examples include DBS's 3-year fixed at 1.55% with no early repayment penalty, and OCBC packages saving up to S$4,100 annually on a S$500,000 HDB loan versus the 2.6% HDB rate.[1]
Experts like SingCapital's Alfred Chia note banks will compete aggressively in Q1 2026 with rebates and subsidies, but SORA may have found a floor, limiting further declines.[1]
On Homejourney's bank rates page, track these live from partner banks like HSBC, Standard Chartered, Maybank, CIMB, and others for instant side-by-side views.Bank Rates
Fixed vs Floating 2026: Key Comparison
Fixed rates lock your interest (e.g., 1.6% for 2-5 years), offering predictable payments ideal for budgeting, especially popular with 4 in 5 OCBC customers and new DBS buyers.[1]
Floating rates peg to 3M SORA (now ~1.2% plus margin), which could rise if US rates stabilize, but benefit if cuts continue modestly.[1][2]
| Factor | Fixed Rate | Floating (SORA) |
|---|---|---|
| Stability | High – Locked payments | Variable with market |
| Current Rate | 1.4-1.8% (2-5 yrs) | 1.2% SORA + 0.6-1.0% |
| 2026 Outlook | Stable, modest drops | Possible floor at 1.2% |
| Best For | Risk-averse, families | High tolerance, optimists |
Four in five prefer fixed for peace of mind, per OCBC, but floating suits those expecting prolonged low SORA.[1]
SORA Deep Dive: Trends and 2026 Predictions
SORA (Singapore Overnight Rate Average) is the benchmark for floating loans, with 3M SORA at ~2.63% in March 2025 but now 1.2%.[1][2]
Predictions: Marginal US Fed easing (one 0.25% cut in 2026) suggests SORA stability, not sharp falls—lock fixed if your lock-in ends soon.[1]
Homejourney tracks live 3M and 6M SORA daily on our bank rates page, helping time your interest rate decision perfectly.
Real example: Ms. Denise Chan repriced to DBS 2-year fixed at 1.6%, saving S$500 monthly versus 3% prior rate.[1]
Rate Timing Strategy: When to Fix Rate in 2026
Lock now if: Risk-averse, HDB upgrader (bank rates beat 2.6% HDB loan), or lock-in ending—avoid penalties and secure lows.[1]
Wait if: High risk tolerance and believe in deeper cuts, but experts say rates reflect most easing.[1]
- Check lock-in end date and penalties.
- Assess risk: Use Homejourney's mortgage calculator for scenarios.
- Compare packages: Fixed often has better post-lock-in spreads (e.g., SORA +1.0% vs +1.6%).[3]
- Apply multi-bank via Homejourney for best offers.
Switching from HDB loans surged 7x at OCBC in 2025—act before rates potentially bottom out.[1]
Benefits of Applying via Homejourney: Safe, Simple, Secure
Homejourney prioritizes your safety with verified bank partners, Singpass integration for instant income verification, and one-click multi-bank submissions—receive personalized fixed rate offers from DBS, OCBC, UOB, HSBC, and more without shopping around.
- Live Comparisons: Side-by-side rates from 10+ banks, updated daily.
- Instant Calculators: Test fixed vs floating on our tool.
- Singpass Speed: Auto-fill applications in seconds, faster approvals.
- Expert WhatsApp Support: Transparent advice on lock in fixed rate now 2026.
- Refi Ease: Step-by-step for HDB-to-bank switches, link to property search for budget fits.
We verify all data for trust, unlike unverified sources—your secure path to the best fixed vs floating 2026 deal. See our full analysis in Should You Lock Fixed Rate Mortgage Now 2026? Homejourney Guide.Should You Lock Fixed Rate Mortgage Now 2026? Homejourney Guide
Actionable Steps: Your 2026 Mortgage Decision Framework
1. Visit Homejourney bank rates: Compare fixed packages (e.g., DBS 1.55% 3-yr).
2. Input details in calculator: See S$500k loan at 1.6% fixed = ~S$2,700/month vs HDB S$3,300.[1]
3. Assess tolerance: Conservative? Fix. Optimist? Float but monitor SORA.
4. Apply via Singpass: One form, multiple offers—safe and efficient.
5. Consult agents via our directory for personalized tips.
Disclaimer: Rates fluctuate; this is not financial advice. Consult professionals and check MAS/HDB for eligibility.
FAQ
Should you lock in a fixed rate mortgage now 2026?
Yes, with rates at 1.4-1.8% lows and modest further easing expected, fixed offers stability—especially if refinancing from HDB's 2.6%.[1]
Fixed vs floating 2026: Which is better?
Fixed for predictability (80% choose it); floating if you tolerate volatility and SORA stays low.[1]
When to fix rate in Singapore?
Now, before Q1 competition peaks and potential floors—use Homejourney trackers.[1]
How does Homejourney make applying safe?
Singpass verification, multi-bank transparency, daily SORA updates—building trust through verified data.
Current fixed rates from banks?
DBS 1.55-1.6%, OCBC competitive 1.4-1.8%—compare live on our platform.[1]
Ready for your rate timing strategy
